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sing data in columns A-C create a forecast using the Simple Moving Average method based on 10 weeks of data sing data in columns A-C create a forecast using Linear Regression Vhich forecast method is the best? How do you know that method is the best?

sing data in columns A-C create a forecast using the Simple Moving Average method based on 10 weeks of data sing data in columns A-C create a forecast using Linear Regression Vhich forecast method is the best? How do you know that method is the best?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Week Two Years Agc Last Year Using data in columns A-C create a forecast using the Simple Moving Average method based on 10 weeks of data 8 2 4 45 3 4 7 Using data in columns A-C create a forecast using Linear Regression 4 7 49 5 10 33 6 29 10 Which forecast method is the best? How do you know that method is the best? 7 38 7 8. 8 9 9 44 10 6 11 46 43 12 48 3 13 9 14 8. 47 15 1 5 16 9 41 17 38 6. 18 46 4 19 45 32 20 10 39 21 8 2 22 7 9 23 38 42 24 33 37 25 1 26 27 49 1 28 36 5 29 1 8. 30 4 31 46 42 32 38 33 14 36 34 43 8. 35 3 39 36 37 27 50 38 6 39 2 49 40 41 41 32 6 42 37 39 43 9 8 44 10 45 33 8 46 39 46 47 37 48 6 6 49 31 50 40 38
Transcribed Image Text:Week Two Years Agc Last Year Using data in columns A-C create a forecast using the Simple Moving Average method based on 10 weeks of data 8 2 4 45 3 4 7 Using data in columns A-C create a forecast using Linear Regression 4 7 49 5 10 33 6 29 10 Which forecast method is the best? How do you know that method is the best? 7 38 7 8. 8 9 9 44 10 6 11 46 43 12 48 3 13 9 14 8. 47 15 1 5 16 9 41 17 38 6. 18 46 4 19 45 32 20 10 39 21 8 2 22 7 9 23 38 42 24 33 37 25 1 26 27 49 1 28 36 5 29 1 8. 30 4 31 46 42 32 38 33 14 36 34 43 8. 35 3 39 36 37 27 50 38 6 39 2 49 40 41 41 32 6 42 37 39 43 9 8 44 10 45 33 8 46 39 46 47 37 48 6 6 49 31 50 40 38
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